...and millions die in the real wars only Islamic policy can counter.
Without understanding the processes of speculation (i.e. futures, derivatives and other mechanisms), bankers like this can deny what they well know... they kill people when they make a quick couple of million. With QE2 (Quantitative Easing II) , also known as printing dollars, coming soon inflation is bound to be the story of 2011. In Islamic models most people point to the withdrawing of interest from the equation as the most important principle of Islamic Economics. It is more important, in today's world, to highlight the prohibition of gharar, or deceit and speculation. The answer: industrial development and stimulus of Africa's farmland, turning peasants into agro-engineers, thus discarding dollars in gradual divestment and creating the architectural framework for a new economic order that erases gharar from the equation and then deals with the problem of interest. The oil's peg to the dollar must also be removed and the war in Afghanistan and Iraq would end overnight as well consequentially.
Speculators take other people's money and gamble on real economic activity they contribute nothing to. In the process the have real world effects, but only care about the bottom line. It is a war with the speculators that we should be addressing, but practically none of us understand the equations behind the contemporary reality. Here is a link to read about the process of speculation and food prices. Activists must learn how to describe the processes so that political will can formulate to make illegal these phony operations. Of course Muslim regimes pose little risk to the system today, but we must recognize the reality that the ummah still has the potential to alter the course of history and the world on a grand scale instantaneously.
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